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PHOTOS: 10 places to go while they're still cheap

Lisbon, Portugal: Lisbon is as easy on the eyes as it is on the budget. Stretched across a series of hills, the city is a captivating combination of friendly locals, picturesque winding streets and affordable pursuits. How affordable? According to the Prices and Earnings report, Lisbon's mid-range hotels are the cheapest among the 72 cities surveyed, with an average rate of $80 per night -- a whopping 50% lower than the global average.

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PHOTOS: 10 places to go while they're still cheap

Lisbon, Portugal: Lisbon is as easy on the eyes as it is on the budget. Stretched across a series of hills, the city is a captivating combination of friendly locals, picturesque winding streets and affordable pursuits. How affordable? According to the Prices and Earnings report, Lisbon's mid-range hotels are the cheapest among the 72 cities surveyed, with an average rate of $80 per night -- a whopping 50% lower than the global average. Getty Images/iStockphoto

Nicaragua: Every few years, a new Central American country gets crowned "the next Costa Rica" -- meaning it's relatively safe and bursting with natural beauty, but it's not yet expensive and overrun with tourists. This year, Nicaragua is working hard to earn the title. Volcanoes, rainforests, rivers and Caribbean beaches lure travelers looking for off-the-beaten-path adventure on the cheap. Expect to be able to spend as little as $20 per day, or live the high life for not a whole lot more. Note that many see the recent constitutional amendment that removes term limits on the presidency as a potential threat to democracy, but it seems unlikely that there will be any immediate effect on travelers. Getty Images/iStockphoto

Dominican Republic: Can you afford azure waters and silky white-sand beaches? In the Dominican Republic, you can. While the Caribbean isn't known for its affordability, the Dominican Republic remains -- at least for now -- a bastion of value in a sea of high prices. With service from low-cost carriers including AirTran, Frontier and JetBlue, and air-and-hotel vacation packages from not only a slew of airlines but also discount providers like CheapCaribbean.com, the Dominican Republic seems to have an endless supply of affordable options. Getty Images/iStockphoto

Greece: Like an ancient epic adapted for modern life, after years of strife, Greece is once again on a quest. The economic crisis that racked the country also dampened tourism -- a serious blow to a destination that depends so heavily on holiday seekers. Now, Greece hopes to be the place that launches a thousand ships, airplanes and trains, all carrying visitors back to its ancient ruins and famed beaches. Beguiling budget travelers with a siren song of lower prices and smaller crowds, Greece's only real question is: Are you listening? Getty Images/iStockphoto

Sofia, Bulgaria: Mid-range and budget travelers rejoice: Sofia is still a bona fide affordable destination. Bulgaria's capital has the cheapest mid-range hotels among the 72 world cities surveyed in the Prices and Earnings report: At around $80 per night, they are 50% less expensive than the global average. The city also scored the number one spot on Price of Travel's annual Europe 3-Star Traveler Index, with an average daily cost of about $49 for accommodations, transportation, meals, and activities. It's not just Sofia, either; Lonely Planet recently recognized all of Bulgaria as a great deal. Getty Images/iStockphoto

Philippines: Bargain hunters, outdoorsy types and the food-obsessed should look to the Philippines. The country's combination of cosmopolitan affordability and splendid nature make it a destination that offers a lot for the money. If you're concerned about whether a visit to the Philippines is appropriate so soon after Typhoon Haiyan, know that the country considers tourism to be an important part of its recovery. Large portions of the country -- and the majority of popular vacation destinations -- were undamaged. Getty Images/iStockphoto

Bucharest, Romania: Still harboring the scars of more than two decades under the Communist rule of Nicolae Ceausescu, Bucharest's melancholic edge is offset by its metropolitan verve. And while more and more visitors are discovering the unique appeal of the city once known as "Little Paris," it's still a very affordable destination and a great place to go upscale for less. In fact, its luxury accommodations have an average rate of $190 per night, making Bucharest among the cheapest cities in the world to stay at a five-star hotel. Getty Images/iStockphoto

India: If you can absorb the higher price of airfare to get all the way to India, you'll be rewarded by a favorable exchange rate, inexpensive accommodations, an abundance of free attractions and wildly affordable dining and shopping. Both Frommer's and Lonely Planet named India a top destination for budget travel this year, and the Prices and Earnings report put Delhi and Mumbai at the forefront of the world's most affordable major cities. However, keep in mind that violence against women has become a high-profile issue, so while a trip to India can be incredibly rich and memorable, travelers should factor safety into their plans. Getty Images/iStockphoto

Mexico City: Two key aspects score Mexico City a spot on this list: You can generally find very affordable flights from the U.S., and once you're there, you can enjoy luxury for a whole lot less than in other major cities. And while that makes it a slightly different style of "cheap," it's certainly one worth embracing, particularly if you're focusing more on maximizing value than on paying as little as possible. According to the Prices and Earnings report, Mexico City is one of the cheapest places in the world to stay in a five-star hotel: The average rate is $210 per night. Getty Images/iStockphoto

Riga, Latvia: Riga remains affordable in part because it's still relatively undiscovered. But that may be about to change as Riga takes its place on the world stage as a 2014 European Capital of Culture. For now, though, travelers can still stay, play and eat on the cheap. In fact, Riga scored a spot in the top 10 on both Price of Travel's Europe 3-Star Traveler Index (with an average daily cost of about $74 for accommodations, transportation, meals, and activities) and its Europe Backpacker Index (with an average daily cost of about $33). Getty Images/iStockphoto